KBC unlikely to sell off Irish arm as bank returns to profit

The bank has repeatedly been linked as a potential merger partner for Permanent TSB or Ulster Bank in an effort to create a third force in Irish banking

12th November, 2017

KBC is unlikely to sell off its Irish operations given its increasingly important role in the Belgian bank’s overall business and its return to profitability.

The bank has repeatedly been linked as a potential merger partner for Permanent TSB or Ulster Bank in an effort to create a third force in Irish banking.

But credit ratings agency Standard & Poor’s said KBC Bank Ireland (KBCI) will be maintained by KBC Group for the...

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